15, 20 and 30 year Amortization via Portfolio Loans .....

[Michael Dunn]

Good Morning,

I have recently been on a quest to learn and find out everything I can regarding Portfolio Loans . I feel that I have a good grasp on how they work ( the Financing structure, the funding of the Repairs into the Loan, Interest Rate, Points, Seasoning Period, Down Payment, etc. )

What I'm still unsure of , is what is meant by a 5 or 7 year ARM ( as the Initial Loan that you get when you use a Portfolio Loan from the Get Go , But then after that time is up ( the 5 or 7 years ... depending on which ARM you went with ) , how then does the Financing , and More Importantly my own Personal PITI on the Property get effected, by me then having a 15, 20 or 30 year Conventional ?

It would seem that if My Loan was say a 5 year ARM when I first got the loan, that I would want to go with a 15 -20 year Conventional and NOT a 30 year , as I have just paid on my Loan for 5 years , yes ?

Although I'm sure you get better rates ( Interest particularly ) if you go with a 30 year vs a 15 or 20 ?

If my goal is to Purchase Investment properties as Rentals, using Portfolio Lending ...... Which Financing do I need to go with , and why please ?

Thank you for the help